K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Sometimes there are some expenses which make GDP to appear high but that is misleading. For example after a disaster there is so much to be spent on reconstruction. That would inflate GDP though that is not much indicative of overall progress and has gone in revival only. Likewise there are many expenses which can make GDP as a misleading entity.
Some economist feel that we should use GPI (genuine progress indicator) in place of GDP. In GPI we remove all negative contributions and that gives a realistic picture. Of course, same thing can be done with GDP also if care is taken to remove the ambiguous expenditures from it. We are not aware as how GDP is currently being calculated so we do not know whether it indicates the situation very precisely or not.
Knowledge is power.
Thoughts exchanged is knowledge gained.